Difference between bidder and seller

Discuss PMP doubts, tips and lesson learned. iZenBridge makes PMP® Certification easy
seema.sonkiya
Expert
Expert
Posts: 2083
Joined: Fri Jul 11, 2014 11:57 am

Difference between bidder and seller

Postby seema.sonkiya Mon Dec 04, 2017 9:11 am

Got following questions:

1. Difference between bidder and seller
2. Request for proposal and request for tender.
Prembalaji
Participant
Participant
Posts: 69
Joined: Wed May 10, 2017 1:38 pm

Re: Difference between bidder and seller

Postby Prembalaji Mon Dec 04, 2017 9:52 am

Just going by the context,

Experts, please advise

Bidder - The state of the Vendor before the selection is made (in context: A Procurement activity can have many bidders until the "one" vendor is selected )

Seller - The state of the vendor once they are selected ( selecting that "one" bidder out of many using Conduct procurement process )
Once the bidder is chosen from many, they are called as Sellers

Request for Proposal - Is more a high-level doc , explaining mostly on the features and the performance required on Procurement being made, not explaining the scope much is detail (used when the Buyer doesn't have a definite scope description - Ex: during Cost Reimbursable contracts )

Request for Tender - Is a highly elaborative procurement doc which has more details on scope, more details on specification and standards, RFT is used mainly during Fixed price contracts Ex: Construction Industry
Cheers,
PJ
manishpn
Expert
Expert
Posts: 2474
Joined: Sat Jan 04, 2014 3:55 pm

Re: Difference between bidder and seller

Postby manishpn Tue Dec 05, 2017 10:20 pm

your explanation for seller and bidder is right
A tender and a bid technically mean the same thing in the procurement context.
however tender is widely used for standard products procurement whereas proposal is for moe complex/customized/non standard product and/or services.

in legal word they have a different meaning but its not important for PMP
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/

Return to “PMP® Open Forum”

Who is online

Users browsing this forum: No registered users and 11 guests